By Dipo Olowookere
The Nigerian currency performed badly against the British Pound Sterling at the black market segment yesterday.
At the close of transactions on Thursday, the Naira recorded a loss of N3 against the Pound.
The Pound Sterling reached a week long high yesterday, despite a leaked post Brexit report and with the PMI release, it gained further ground.
But the Naira, against the other two major currencies at the foreign exchange market, Dollar and Euro, remained unchanged.
While the local currency remained at N364 to the Dollar, it was exchanged at N448 to the Euro at the parallel market.
At the CBN window, the Naira traded at N305.75 to the Dollar against N305.70 the previous day, N434.84 to the Pound versus N433.12 on Wednesday, and N380.38 per Euro in contrast to N380.87 it went for the previous day.
Business Post reports that the local currency closed at N360.57 to a Dollar on Thursday at the I&E FX Window compared with N360 it exchanged on Wednesday.
more recommended stories
How MSMEs Are Driving Economic Growth in Nigeria
By Adeniyi Ogunfowoke The Small and.
Secure Electronic Technology Records N152m Loss in 2018
By Modupe Gbadeyanka The fortune of.
Top Five Stock Picks for the Week
By Modupe Gbadeyanka A new trading.
Banking Stocks Buoy Weekly Equity Turnover by 84.63%
By Modupe Gbadeyanka A total turnover.